Louisiana State Employees Retirement System Buys Shares of 33,400 Donaldson Company, Inc. $DCI

Louisiana State Employees Retirement System purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,400 shares of the industrial products company’s stock, valued at approximately $2,835,000.

A number of other large investors also recently modified their holdings of the company. State Street Corp increased its holdings in Donaldson by 0.7% in the 2nd quarter. State Street Corp now owns 5,221,808 shares of the industrial products company’s stock worth $362,132,000 after purchasing an additional 36,866 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Donaldson by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,846,214 shares of the industrial products company’s stock valued at $252,386,000 after purchasing an additional 15,674 shares in the last quarter. Morgan Stanley grew its holdings in shares of Donaldson by 1.9% during the fourth quarter. Morgan Stanley now owns 2,542,166 shares of the industrial products company’s stock worth $225,389,000 after purchasing an additional 47,062 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Donaldson by 22.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,109,595 shares of the industrial products company’s stock worth $187,037,000 after purchasing an additional 380,419 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Donaldson by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,010,010 shares of the industrial products company’s stock valued at $178,224,000 after buying an additional 15,799 shares during the period. 82.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on DCI. Stifel Nicolaus cut their target price on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, June 4th. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Morgan Stanley cut their price target on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. Finally, Robert W. Baird reduced their price objective on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $97.83.

Donaldson Trading Up 0.0%

Shares of DCI stock opened at $88.56 on Monday. Donaldson Company, Inc. has a 1-year low of $68.96 and a 1-year high of $112.84. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 2.24 and a beta of 0.95. The stock has a 50-day moving average of $85.55 and a 200-day moving average of $91.44.

Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, June 2nd. The industrial products company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.05 by $0.01. The business had revenue of $995.10 million for the quarter, compared to analysts’ expectations of $973.65 million. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. On average, equities research analysts forecast that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Donaldson’s previous quarterly dividend of $0.30. Donaldson’s payout ratio is currently 34.41%.

Insider Activity at Donaldson

In other news, Director James Owens sold 13,753 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the completion of the sale, the director directly owned 22,565 shares in the company, valued at $2,013,023.65. This represents a 37.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 19,800 shares of company stock valued at $1,765,184. Corporate insiders own 2.20% of the company’s stock.

Donaldson Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.